Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Unusually-High Trading Volume – What’s Next?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) shares saw unusually-high trading volume on Friday. 6,036 shares traded hands during trading, an increase of 33% from the average daily volume of 4,523 shares. The stock last traded at $9.37 and had previously closed at $9.33.

Analysts Set New Price Targets

Separately, Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

The company has a 50-day moving average of $8.97 and a 200-day moving average of $8.41.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is the flag carrier of Hong Kong and the principal operating airline of the Cathay Group. The company provides scheduled passenger and air cargo services through its Cathay Pacific brand, connecting Hong Kong with destinations across Asia, Europe, North America, Oceania, the Middle East and Africa. Hong Kong International Airport serves as its primary hub.

In addition to passenger transportation, Cathay Pacific operates Cathay Cargo, which provides air freight services for commercial shipments, specialized cargo and logistics customers.